A preference map is a
A) series of indifference curves.
B) positively sloped series of curves, which reflect a consumer's preferences.
C) contour map of a consumer's budget.
D) map showing how much a consumer prefers one good for another.
E) None of the above answers is correct.

Question

Quizplus · Accepted Answer

A preference map is a series of indifference curves, which represent different combinations of two goods that provide the consumer with the same level of satisfaction or utility. The consumer is indifferent between points on the same indifference curve, but prefers points on higher indifference curves.

A Preference Map Is a